PRESS DIGEST - Vietnam newspapers - April 7
HANOI, April 7 (Reuters) - These are some of the leading stories in the official Vietnamese press on Monday. Reuters has not verified these stories and does not vouch for their accuracy.
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FINANCIAL NEWS:
VIETNAM INVESTMENT REVIEW
-- Prime Minister Nguyen Tan Dung said that companies were not allowed to hold controlling stakes in Vietnamese banks and should focus on their core business. Dung said companies are allowed to hold a maximum 15 percent of a bank.
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TUOI TRE
-- Vietnam's corporate earning per share growth this year would slow to 20 percent from 42 percent in 2007, a report by HSBC said.
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THOI BAO KINH TE VIETNAM
-- The 620 Chau Thoi Concrete Corp BT6.HM will issue more than 9 million new shares in 2008 to raise its registered capital to 200 billion dong ($12.5 million), a company report said.
-- Petrovietnam Fertilizer and Chemicals Co DPM.HM will change its corporate structure to the parent-subsidiary model with a registered capital of 3,800 billion dong ($238 million), following approval by shareholders.
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ECONOMIC AND GENERAL NEWS:
VIETNAM NEWS
-- The Politburo of Vietnam's ruling Communist Party has recommended tighter price controls and a stronger role for the State Bank of Vietnam, the central bank, in overseeing investment as part of a series of measures to overcome economic challenges.
-- Vietnam's beer market will develop fast with two major domestic brewers going public and the increased presence of foreign players, industry experts said.
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TUOI TRE
-- A total of 44 people have been confirmed with cholera in the capital Hanoi. They are among more than 200 patients suffering from acute diarrhoea, Le Anh Tuan, director of the city's Health Department, said.
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THOI BAO KINH TE VIETNAM
-- Vietnam's first six-star hotel in Nha Trang city in the central province of Khanh Hoa province will open in January 2009, its main investor Vinpearl has said.
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DAU TU
-- Vietnam could review its rice production and allow new export deals based on the summer-autumn crop later this year, the Vietnam Food Association said, citing a restriction on new contracts in place through June.
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